In the light of recent developments, and in the interests of preserving shareholder value, the Board and the Special Committee have decided to consider all possible options available for divestment of JSC Polymetal and its subsidiaries.
Overview
Polymetal is a leading gold and silver producer with a high-quality, low-cost asset base.
Our portfolio comprises 2 producing assets and 1 major development projects across Kazakhstan. Our investments coupled with a rigorous approach to M&A activity are primarily focused on the turnaround of distressed assets, as well as under-explored near-mine areas with high potential that will contribute to significant long-term growth.
Key results
1,712
Production, Koz of GE
3.6
Average grade in ore processed, g/t of GE;
27.3
Ore reserves, Moz of GE
0.10
LTIFR
Operations
— hub
— mining and processing
Operations
FY 2023 guidance
1,700 Koz
Production GE
US$ 950-1,000/GE oz
TCC
US$ 1,300-1,400/GE oz
AISC
and resources
results